DGB/USD- Potential Entry?We found a great entry last time for some double digit gains.
Now looking at a potential re-entry as we look for a bounce off the 200 SMA.
Few support lines and Tech indicators lining up here which may assist also.
As always, not financial advice, just thoughts and TA.
Bingaz
Dgbusd
🥇156% Gain, I Continue To Hold. (DGB)💰 I added to this one for the longterm ride in early april when it sat around 70-85 Satoshis.
I continue to hold as the weekly still shows continuous green on the Crossover strategy and the ema dots. It did surge much higher and now has corrected back down. Btc is under pressure and looking sketch. I might need to close out of positions if btc decides to get rejected and start selling off. As we know the market loves to correlate.
For the most part keep it simple and hold till I get confirmation on the indicators.
Have an awesome trading day! ❤
Which altcoins do you think I should look into? Smash the like button and drop your favorite cryptocurrency in the comments down below! ⬇️
🥇MLT | MAJOR LEAGUE TRADER
DigiByte uptrend forming support and resistance linesDGBUSD breakout has been confirmed. It’s on a current uptrend and forming well-defined support and resistance lines. I remain cautiously optimistic as to whether this will continue. This coin has a tendency to be a feast or famine investment, and it’s currently on fire!
DGB/USD- "Lower Support V's Retrace" DGB has continued a long winded retrace and is now meeting potential support lines.
Question will be if there is enough buyers to turn the trend around.
(The recent hard bounce from lower support has engaged my interest)
I'll be watching closely on this one over the next few days as a change in trend has excellent potential on the back of this current ALT run.
As always, not financial advice, just my thoughts and TA.
Any thoughts or feedback welcome, especially on PA-
Would like to find an entry here if the price is right.
Bingaz
DGB CHANNEL FORMATIONDGB has managed to turn the 50 MA into a rising channel with clear touch points
MACD seems to agree with the incoming channel bottom
price has had some healthy consolidation and may soon be ready for a test of the channel top line, or mid line
is the cryptocurrency market ready for a true bull market?
DGB/USD- Where are the Bulls?DGB (Briefly) broke out from it's downtrend last week but since then it has continued to trace back towards original break pricing.
It now appears to be tightening up again as it nears the original break level so we may see some gains in the next couple of days.
The concern is that the trailing resistance only rests about 10% from support.
I'll be watching and looking for a potential fall through this upcoming support to a more favourable entry point but for those feeling brave it may be enticing to buy a break from this short term decline.
Thoughts and feedback welcomed.
Bingaz.
First ever chart. Digibyte seems Bullish I am brand new to this and never taken any classes on TA. Also, I hate math, but I love this coin so I am giving it a shot. I have watched enough youtube videos and followed enough "experts" on twitter to know that "lines don't matter". HA HA. I really like to watch this particular stochastic as an indicator. I have noticed that it is usually fairly smooth and easy to play. However, sometimes digi is so bullish that the stochastic can be going down and that is not reflected in price action. Grateful for advice. Watch that gnome guy on twitter. His charts are much better.
Trend reversal1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Excelent volume
3 - Neutral MACD
4 - Good RSI (holding above 50)
5 - We had a retest on the parallel channel (marked in green)
Support at +- 0.018
If Digibyte hold above the parallel channel and climb to 0.021+ , a great upward movement is expected (uptrend reversal)
DGB/USD - Re-Entry Idea- Retesting Original BreakoutDGB currently retesting original resistance.
Yesterday the break played out as anticipated for double digit gains.
Possibly a good re-entry point at current level as we anticipate a bounce from previous resistance.
Tight SL in place.
Any thoughts or feedback welcomed.
Bingaz.
DGBUSD- "Waiting and Watching" Retest Support or Breakout?DGB remains in a structured Downtrend, (albeit a wide one) and if current support holds it should attempt a breakout in the coming hours or days.
Seen in the charts, besides a brief dip it remains within the triangle and the length of this consolidation should prove to build momentum into a move to the upside.
MACD and RSI may need to test lower support ranges before breakout so cautious entry advised.
I have lofty targets if the move plays out but lately DGB has been notorious for quick profit taking so structure your own profit markers accordingly and a tight SL is a must in the current environment.
If short term support fails, possible entry at bottom of channel should prove profitable.
Any feedback is appreciated.
Happy Trading!
INVERSE DGB FALLING TO .05in this inverse view of DGB it is clear that many support levels have been lost
the price could not hold on to the channel bottom or the support at .165
if it cannot get back above .165 the unfortunate next support is .05
we can only wait and see if it holds
crashing upwards
DGB/BTC (Strong Bullish Uptrend)DGB/BTC
-cross ultimate indicator signal Long priority
-a strong breakout above multiple local resistances
-very clear market change to an uptrend
-next upside target is 325s
-if immediate support at 181s will hold
-we might see another leg up
-currently, daily consolidation is on the way